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Energy Transfer - ET Stock Forecast, Price & News

$13.07
-0.21 (-1.58%)
(As of 02/1/2023 12:00 AM ET)
Add
Compare
Today's Range
$13.02
$13.36
50-Day Range
$11.42
$13.50
52-Week Range
$9.15
$13.67
Volume
21.67 million shs
Average Volume
12.98 million shs
Market Capitalization
$40.37 billion
P/E Ratio
9.75
Dividend Yield
7.98%
Price Target
$16.00

Energy Transfer MarketRank™ Forecast

Analyst Rating
Buy
3.14 Rating Score
Upside/​Downside
22.4% Upside
$16.00 Price Target
Short Interest
Bearish
3.13% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.96mentions of Energy Transfer in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$9.08 M Bought Last Quarter
Proj. Earnings Growth
1.42%
From $1.41 to $1.43 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.39 out of 5 stars

Oils/Energy Sector

82nd out of 247 stocks

Natural Gas Transmission Industry

3rd out of 19 stocks


ET stock logo

About Energy Transfer (NYSE:ET) Stock

Energy Transfer LP is a limited partnership operating midstream energy assets in the US. The company is an integrated and diversified play on energy that deals in natural gas and crude oil and their derivatives. The company’s operating territory spans the North American energy infrastructure system with operations in 41 states and Canada and is systemically important.

The company was founded n 1995 by Kelcy Warren and Ray Davis. The company was private until 2004 when it IPOd. It operated as a stand-alone business until 2011 when it joined forces with Regency Energy Partners to purchase assets from Castleton Commodities International and begin a growth phase. As of 2022, Mr. Warren remains as Chairperson. The company is headquartered in Houston, Texas but maintains an international office in Beijing.

Among other notable acquisitions are the purchase of Sunoco and Sunoco logistics partners and the eventual absorption of Regency Energy Partners. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018 along with some internal structural changes.

Today the company operates a vast network of natural gas and crude oil collection, processing and storage facilities along with the pipelines to move it. The company’s subsidiaries include but are not limited to Sunoco LP, Sunoco Logistics Partners, USA Compression Partners and it owns 100% or a controlling interest in pipelines that include the Dakota Access Pipeline, the Bayou Bridge Pipeline and the Florida Gas Transmission Pipeline.

Energy Transfer Partner LP owns or controls more than 120,000 miles of pipeline infrastructure, including natural gas, crude oil and derivative vehicles. The company controls or owns five natural gas storage facilities and over a dozen natural gas or LNG processing plants. The company can compress and deliver LNG to transport vessels as well as process, store and deliver propane. Its downstream operations include wholesaling natural gas and derivative crude oil products to utility companies, industrial users, and consumers.

As of 2022, the company employed more than 11,000 people and brought in more than $39 billion in net revenue. Roughly 30% of the nation's natural gas is moved by Energy Transfer Partners LP infrastructure and growing. Projects in the works include newer, more efficient processing plants and the interstate Gulf Run pipeline.

Natural gas is a crucial factor in the switch to green energy. Not only is it the cleanest of all petroleum-based energy sources, but it is easy to store and use, making it ideal as a backup source for intermittent energy like solar and wind. Natural gas is also important as a feedstock for plastics and other products critical to the health industry. Natural gas is also important for making ammonia, a necessary fertilizer for today’s food chain.

As an MLP, Energy Transfers Partners pays a large share of its earnings as dividends. Investors of record can enroll in the Dividend Reinvestment Plan or DRIP and have their distributions paid in shares.



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ET Stock News Headlines

43 Upcoming Dividend Increases for 2023
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Energy Transfer Equity LP Partnership Units
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Short Interest in Energy Transfer LP (NYSE:ET) Decreases By 5.6%
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Energy Transfer: What To Expect In 2023
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3 Passive Income Bargains to Buy Now for 2023
Energy Transfer: A Fusion Of Cashflow And Growth
FTSE 100 finishes ahead on strong commodity prices, lower inflation
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ET Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 11/21 Dividend
11/03/2022
Dividend Payable
11/21/2022
Today
2/02/2023
Ex-Dividend for 2/21 Dividend
2/06/2023
Next Earnings (Confirmed)
2/15/2023
Dividend Payable
2/21/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
12,558
Year Founded
2001

Price Target and Rating

Average Stock Price Forecast
$16.00
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+22.4%
Consensus Rating
Buy
Rating Score (0-4)
3.14
Research Coverage
7 Analysts

Profitability

Net Income
$5.18 billion
Pretax Margin
6.56%

Debt

Sales & Book Value

Annual Sales
$67.42 billion
Cash Flow
$2.73 per share
Book Value
$10.47 per share

Miscellaneous

Outstanding Shares
3,088,480,000
Free Float
2,987,173,000
Market Cap
$40.37 billion
Optionable
Optionable
Beta
1.77

Key Executives

  • Marshall S. McCrea
    Co-Chief Executive Officer & Director
  • Thomas E. LongThomas E. Long
    Co-Chief Executive Officer & Director
  • Greg G Mcilwain
    Executive Vice President-Operations
  • Bradford D. WhitehurstBradford D. Whitehurst
    Chief Financial Officer
  • Christopher R. Curia
    Chief Human Resources Officer & Executive VP













ET Stock - Frequently Asked Questions

Should I buy or sell Energy Transfer stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Energy Transfer in the last year. There are currently 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ET shares.
View ET analyst ratings
or view top-rated stocks.

What is Energy Transfer's stock price forecast for 2023?

7 Wall Street research analysts have issued 1-year price targets for Energy Transfer's shares. Their ET share price forecasts range from $14.00 to $18.00. On average, they anticipate the company's stock price to reach $16.00 in the next twelve months. This suggests a possible upside of 22.4% from the stock's current price.
View analysts price targets for ET
or view top-rated stocks among Wall Street analysts.

How have ET shares performed in 2023?

Energy Transfer's stock was trading at $11.87 on January 1st, 2023. Since then, ET shares have increased by 10.1% and is now trading at $13.07.
View the best growth stocks for 2023 here
.

Are investors shorting Energy Transfer?

Energy Transfer saw a decrease in short interest during the month of December. As of December 30th, there was short interest totaling 75,530,000 shares, a decrease of 5.6% from the December 15th total of 80,050,000 shares. Based on an average trading volume of 15,220,000 shares, the short-interest ratio is currently 5.0 days. Approximately 3.1% of the company's stock are short sold.
View Energy Transfer's Short Interest
.

When is Energy Transfer's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our ET earnings forecast
.

How can I listen to Energy Transfer's earnings call?

Energy Transfer will be holding an earnings conference call on Wednesday, February 15th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Energy Transfer's earnings last quarter?

Energy Transfer LP (NYSE:ET) announced its quarterly earnings data on Wednesday, November, 3rd. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by $0.05. The pipeline company had revenue of $16.66 billion for the quarter, compared to analyst estimates of $14.96 billion. Energy Transfer had a net margin of 5.02% and a trailing twelve-month return on equity of 13.01%. During the same quarter in the previous year, the business posted $0.30 earnings per share.

How often does Energy Transfer pay dividends? What is the dividend yield for Energy Transfer?

Energy Transfer declared a quarterly dividend on Wednesday, January 25th. Shareholders of record on Tuesday, February 7th will be given a dividend of $0.305 per share on Tuesday, February 21st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 9.33%. The ex-dividend date of this dividend is Monday, February 6th. This is an increase from the stock's previous quarterly dividend of $0.27.
Read our dividend analysis for ET
.

Is Energy Transfer a good dividend stock?

Energy Transfer (NYSE:ET) pays an annual dividend of $1.06 per share and currently has a dividend yield of 8.09%. ET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 79.11%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ET will have a dividend payout ratio of 74.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ET.

When did Energy Transfer's stock split?

Energy Transfer's stock split before market open on Friday, June 13th 2014. The 2-1 split was announced on Tuesday, May 6th 2014. The newly created shares were distributed to shareholders after the market closes on Thursday, June 12th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Kelcy L. Warren's approval rating as Energy Transfer's CEO?

109 employees have rated Energy Transfer Chief Executive Officer Kelcy L. Warren on Glassdoor.com. Kelcy L. Warren has an approval rating of 74% among the company's employees.

What other stocks do shareholders of Energy Transfer own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Energy Transfer investors own include Enterprise Products Partners (EPD), AT&T (T), Targa Resources (TRGP), Energy Transfer Equity (ETE), Kinder Morgan (KMI), Exxon Mobil (XOM), AbbVie (ABBV), Pfizer (PFE), Ford Motor (F) and Verizon Communications (VZ).

What is Energy Transfer's stock symbol?

Energy Transfer trades on the New York Stock Exchange (NYSE) under the ticker symbol "ET."

Who are Energy Transfer's major shareholders?

Energy Transfer's stock is owned by a variety of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (0.52%), Stephens Group LLC (0.18%), Walnut Private Equity Partners LLC (0.06%), Adams Asset Advisors LLC (0.05%), Stephens Inc. AR (0.03%) and Hennessy Advisors Inc. (0.03%). Insiders that own company stock include Bradford D Whitehurst, Bradford D Whitehurst, James Richard Perry, Kelcy L Warren, Kelcy L Warren, Marshall S Mccrea III, Matthew S Ramsey, Michael K Grimm, Ray C Davis, Ray W Washburne, Richard D Brannon, Thomas E Long and Thomas P Mason.
View institutional ownership trends
.

How do I buy shares of Energy Transfer?

Shares of ET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Energy Transfer's stock price today?

One share of ET stock can currently be purchased for approximately $13.07.

How much money does Energy Transfer make?

Energy Transfer (NYSE:ET) has a market capitalization of $40.37 billion and generates $67.42 billion in revenue each year. The pipeline company earns $5.18 billion in net income (profit) each year or $1.34 on an earnings per share basis.

How many employees does Energy Transfer have?

The company employs 12,558 workers across the globe.

How can I contact Energy Transfer?

Energy Transfer's mailing address is 8111 Westchester Drive Suite 600, DALLAS TX, 75225. The official website for the company is www.energytransfer.com. The pipeline company can be reached via phone at (214) 981-0700, via email at investorrelations@energytransfer.com, or via fax at 214-981-0703.

This page (NYSE:ET) was last updated on 2/2/2023 by MarketBeat.com Staff